GE just announced that it is readying a new solar thin-film panel, system, and inverter product with a goal to provide the lowest cost of electricity in the market. The multinational corporation is backing a cadmium telluride (CdTe) thin-film product and recently topped 15% efficiencies on commercial glass, according to a press release.

Working in collaboration with PrimeStar Solar, Inc., GE expects to make thin-film panels commercially available sometime in 2011. These panels will be built on a 30-MW manufacturing line in Arvada, Colorado.

Importantly, GE will use its big company resources to make solar approachable. “With continued advancement, we know we can further reduce total installed system costs, making solar more accessible to consumers worldwide,” said Danielle Merfeld, GE solar researcher and development leader.